IMPORTANT: How many of you are somewhat beginners when it comes to trading crypto?
I'll create a new group, since most of you find it difficult to find a place to learn everything from the beginning, and you're all at different trading levels.
Let me know how many of you would like to join. Please share so we can make it happen. We'll start from the absolute beginner in this group.
So, young guns are asking me what they should consider before quitting their day gigs to be a trader. Good luck with that one. So, here goes
-Two years household and personal spending needs in the bank and NOT part of your trading capital
-Trade real markets, not the fake ones
-Figure that the first year will be a loser. Always works that way
-Have at least three times more capital in your account than you think you might make each year in ROR (unless you are the three in 1,000 really good ones)
-Know after your first really big draw down you will face an emotional battle
-Trade futures, real futures -- it is the best bet seriously
-Have a spouse who is a neurosurgeon -- you may need the back up capital
-Learn NOT to day trade
How many of you are interested to be Part of Learning to Trade as a Job OR Learning to Trade whilst having a full time Job?
I want to know so I can make the relevant group or arrange the resources.
Stop pretending that you're super smart or you'll get super lucky.
Do the hard work, trade small, make small consistent money and get trading friends who stop you from doing big in dumb stuff.
That's it. Your non-romantic way of getting rich. Few will follow.
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